Analysis of Global Top 500 New Energy Companies in 2011

As the first organization to carry out research and research on the world's top 500 new energy companies, the China Energy Economic Research Institute is committed to the “Global 500 New Energy Companies” as a “wind vane” reflecting the development of the global new energy industry, and through the use of new global energy sources. The analysis of the top 500 companies clearly defines the global market for new energy sources, sets a benchmark for global new energy companies, and promotes the development of the global new energy industry.

I. The world's top 500 new energy companies reflect the world's top 500 companies from 31 countries and regions. Among them, China (Mainland China and Hong Kong, Macau, Taiwan) has Jinglong Industrial Group Co., Ltd., Huarui Wind Power Technology (Group) Co., Ltd., Guoneng Bio-power Generation Group Co., Ltd., Tibet Yangbajing Geothermal Power Plant, and AUO. 172 companies such as Optoelectronics and Apollo Solar Technology Holdings Limited entered the "Top 500" list, accounting for 34.4%, ranking first; Germany has Delta Energy Co., Ltd., Enercon Co., Ltd., and Siemens AG. Sixty companies such as SCHOTT Solar AG entered the "Top 500" list, accounting for 13.4%, ranking second; 55 companies including Doosan Energy Technology, SK Group and OCI Corporation entered the "Top 500" list , accounting for 11%, ranked third; the United States has 40 companies such as General Electric Energy, First Solar Co., Ltd. to enter the "Top 500" list, accounting for 8%, ranking fourth; Spain and Japan, 23 each, accounting for 4.6%, ranking fifth; Australia 18, accounting for 3.6%, ranking seventh; France 13, accounting for 2.6%, ranking eighth; India 10, accounting for 2%, ranking ninth; The United Kingdom and Finland, each with eight companies named among the "Top 500" list (see Figure 1).

2. Among the “Top 500” enterprises with the highest number of Chinese enterprises, 172 are Chinese companies, far more than 67 companies ranked second in Germany. China has become the country with the largest number of companies on the list. Among them, there are 147 companies in mainland China, 22 in Taiwan, and 3 in Hong Kong.

However, judging from the scale of the listed companies, the top 10 companies in the “Top 500” list are China’s only Jinglong Industrial Group Co., Ltd., and the other nine are all from developed countries such as Europe and the United States. Among the top 50 companies, there are 13 Chinese companies (see Table 1). This reflects that although China's new energy companies have developed rapidly, there is still a certain gap between the scale of enterprises and industry influence and developed countries. How to rise from a quantitative advantage to a quality advantage is a new strategic task for China's new energy companies.

3. The advantages of developed countries Obviously from the scale of the listed companies, the total operating income of the “Top 500” companies in 2010 was 207 billion yuan, of which the total operating income of developed countries’ listed companies was 1,449.0 billion yuan (see figure 2), accounting for Nearly 70% of the "Top 500" operating revenue (see Figure 3), emerging market countries listed companies total revenue of 623 billion yuan, accounting for "top 500" total operating revenue of 30%. Among the “Top 500” companies, the gross operating income of German companies in 2010 was 378.2 billion yuan, and that of US companies was 342.2 billion yuan. The combined operating income of the two countries’ listed companies was 720.4 billion yuan, exceeding the emerging markets. The country has nearly 100 billion yuan. The combined operating income of new energy companies in these two countries is about 16% more than the combined operating income of emerging market countries.

Judging from the rankings of the short-listed companies, most of the top-ranking companies are developed countries. In the top 500 rankings, the top 10 companies (see Table 2) are GE Energy (US), Vestas Wind Technologies (Denmark), Avengoa (Spain), Delta Energy Co., Ltd. (Germany), Sanyo Electronics Co., Ltd. (Japan), Enercon Co., Ltd. (Germany), Siemens AG (Germany), Jinglong Industrial Group Co., Ltd. (China), SCHOTT Solar Co., Ltd. (Germany), Gemeiyi Wind Power Co., Ltd. (Spain); only one company is from emerging market countries, and the remaining nine are from developed countries such as Europe and the United States. This shows that the developed countries have obvious advantages in the development of new energy industries, and emerging market countries have become new forces in the development of new energy industries.

The advantages of developed countries come from their leading position in technological innovation. Enterprises in developed countries are the main players in technological innovation and they dominate the development of new energy technologies in the world. In the development of new energy technologies, especially solar energy technologies, the enterprises in developed countries still firmly maintain their leading edge and are the main players in the innovation of new energy technologies. In July 2010, the manufacturing cost of FirstSolar's CdTe film fell by 13% on the basis of 2009 and reached 76 cents/watt in the second quarter, setting another industry record. In December 2010, Sanyo Electric Co., Ltd. began mass production of a HIT solar cell with a Cell conversion rate of up to 21.6%. By using the above-mentioned Cell with a conversion rate of 21.6% and glass using the new design and anti-reflective layer technology, the module conversion rate of this solar cell can reach 19.0%. In October 2010, SchottSolar developed a technology to increase the efficiency of Schott's Champion polysilicon modules to 17.6%. In August 2011, SchottSolar used the Schmid Group's production engineering technology to create a new efficiency record on the 156*156 industrial single-crystal cell, with a maximum conversion efficiency of 20.2%.

4. Mainly in Asia, Europe and North America In terms of intercontinental factors, “Top 500” companies are mainly distributed on 5 continents (see Figure 4). Among them, Asia has the largest number, with 260 companies ranking in the list; Europe’s second, total 164 companies are short-listed; North America is third, with 46 companies in the list; Oceania has 25 companies entering the list; the remaining 5 companies are from South America, while Africa has no one company to enter the list. The short-listed companies in Asia mainly come from China, South Korea, Japan and India. The rest of the Asian countries have very few companies; while the European companies mainly come from Germany, Spain, France, the United Kingdom, Finland, Denmark and other developed countries, while the remaining countries have few The company is ranked in the top 500 list.

V. Taking the wind energy and solar energy enterprises as the main body, from the perspective of the industry distribution of the listed companies, the “Top 500” companies are mainly concentrated in the wind energy and solar energy industries. The total number of companies in the list accounted for more than 90% of the “Top 500” rankings. The top ten companies are mainly wind power and solar energy companies. For example, Vestas Wind Power Technology is the world's largest wind turbine manufacturer, while Jinglong Industrial Group Co., Ltd. and SCHOTT Solar Energy Corporation are mainly based on solar energy business. The rest of the company is an integrated energy company, but the business is also dominated by wind power and solar energy, and it involves a small amount of biomass and geothermal energy. The top 100 companies are mainly wind power and solar energy business.

Few companies have listed biomass and geothermal energy. Most of them are integrated companies. They mainly deal with solar energy and wind energy, and they also take into consideration biomass and geothermal energy, such as GE Energy. There are only a few companies that are solely engaged in biomass or geothermal energy, such as Yangbajing geothermal power plant in Tibet and Guoneng Bio-power Generation Group. At the same time, the scale of the main biomass or geothermal energy companies is also significantly smaller than that of wind energy or solar energy companies. For example, the world’s largest biomass energy company, Guoneng Bio-power Generation Group’s operating revenue in 2010 was only 2 billion yuan, ranking the 206th. It is far from being comparable to wind power and solar energy companies.

Sixthly, Emerging Market Countries Rise Abruptly Developed Countries and Emerging Market Countries Each of the 250 companies have been shortlisted in the “Top 500”, and they are equally divided. In the field of photovoltaics, emerging market countries are comparable to developed countries in terms of the production of photovoltaic modules and raw materials. In 2010, the output of photovoltaic cells in China exceeded 50% of the world's total production. In 2010, China accounted for half of the world’s top ten solar cell manufacturers (see Table 3). China and South Korea are important polysilicon producers in the world. South Korea's polysilicon production in 2010 was 18723 thousand tons, ranking fourth after China, the United States, and Germany.

In the field of wind power, the installed capacity of wind power in Asia was significantly increased in 2010. The total installed capacity in the year increased by about 50% compared to 2009, and the total growth accounted for 54.8% of the total new installed capacity in the world. China has always been one of the leading forces. In 2010, the total installed capacity increased by 18.93 GW, surpassing the United States for the first time to become the world's largest, and India increased by 2.14 GW.

In terms of fan manufacturing, wind turbine manufacturing companies in Asia account for half of the world's top ten wind turbine manufacturers in terms of installed capacity (see Table 4). There are four companies in China (Sinowind, Goldwind, and Guodian Power under Guodian Kehuan) entering the world's top ten, and India's Suzlan Energy has also entered the world's top ten. Among them, Sinovel ranked second. In the past three years, Sinovel has performed outstandingly. In 2007, it ranked seventh in the world; by 2010, it has risen to the second position in the world. In the year of 2010 alone, its global market share increased by two percentage points. In the same year, Huarui Wind Power provided all 34 sets of 3 MW wind turbines to Shanghai Donghai Bridge Wind Farm, the first offshore wind farm outside Europe. Goldwind ranks fourth among the world's top ten wind turbine manufacturers. As a pioneer in the Chinese wind power market, Goldwind's global market share increased from 7.2% in 2009 to 9.5% in 2010. This impressive performance is enough to make it one of the best performing wind turbine suppliers last year. India's Suzlon Energy ranks sixth. Suzlan Energy successfully acquired German Renesas in 2009 and currently holds 90% of the shares and voting rights of this wind turbine manufacturer. In 2010, Suzlon installed a total of 1,876 MW and 859 MW of Renesas, which together accounted for 6.9% of the global market share. Suzlon has the largest market share in India, and Renone is the second largest in France and the third largest supplier of wind turbine equipment in Germany. State Power Co., Ltd.'s Guodian United Power ranked tenth. In 2007, China Guodian Group established United Power Technology Co., Ltd.; in 2009, it ranked 12th in the world; because of the total installed capacity of 1600 MW in the Chinese market For the first time last year, it entered the top 10 list of the world.

Seventh, the new energy industry has a broad space for growth statistics show that the new energy company "top 500" total operating revenue for 2010 is 207 billion yuan, while the annual operating income of Royal Shell Petroleum reached 2.5198 billion yuan, the entire "top 500" The company's operating income is still less than the Royal Shell. China Petroleum & Chemical Corporation was 1.99 trillion yuan, equal to the operating revenue of the entire "Top 500" companies; China National Petroleum Corporation was 1,720.9 billion yuan, only about 300 billion yuan less than the operating income of the entire "Top 500" companies (see Figure 5). This shows that there is still a big gap between the new energy industry and the traditional energy industry in terms of industrial foundation, enterprise scale and strength, and it is still in its infancy.

With the development of the economy, social progress, improvement of the technological level, and the increasing shortage of energy, the government will increase support for the new energy industry and new energy will have more room for development. The development potential will be greatly released.